The Hurdle Rate Podcast(@HurdleRatePod):Strategy $MSTR has built more capital in six years than Lloyd’s of London, an insurance market that has been building capital for roughly 300 years. Jeff puts the scale into perspective: - Strategy currently has ~$8B more capital than Lloyd’s - If Bitcoin bitcoin:native returns to its all-time high: ~$125B-$150B balance sheet - Total reinsurance market risk capital: ~$800B - One company could represent a significant share of that entire market “You’re thinking about a company with potentially the largest liquid treasury on the planet very quickly.”

2026.09.02 19:00

Strategy $MSTR has built more capital in six years than Lloyd’s of London, an insurance market that has been building capital for roughly 300 years. Jeff puts the scale into perspective: - Strategy currently has ~$8B more capital than Lloyd’s - If Bitcoin bitcoin:native returns to its all-time high: ~$125B-$150B balance sheet - Total reinsurance market risk capital: ~$800B - One company could represent a significant share of that entire market “You’re thinking about a company with potentially the largest liquid treasury on the planet very quickly.” - @PunterJeff